Issuance of Common Stock Smith & Sons, Inc., is authorised to issue one million shares of st par value common stock. The company actually sells 1,000,000 shares at 520 per share Prepare the journal entry to record the issuance of the 1,000,000 shares. General Journal Description Debit Credit S600.000 Common to 51 par value 500.000 Nadal Capitaines of value 100.000 Issuance of Common Stock Smith & Sons, Inc., is authorised to issue one million shares of st par value common stock. The company actually sells 1,000,000 shares at 520 per share Prepare the journal entry to record the issuance of the 1,000,000 shares. General Journal Description Debit Credit S600.000 Common to 51 par value 500.000 Nadal Capitaines of value 100.000